The Dow Jones Industrial Average closed at 26,048.51 on Tuesday with a loss of 14.17 points or -0.05%. The S&P 500 closed at 2,885.72 for a loss of 1.01 points or -0.03%. The Nasdaq Composite closed at 7822.57 for a loss of 0.60 points or -0.01%. The VIX Volatility Index was higher at 16.02 for a gain of 0.08 points or 0.50%.
Tuesday’s market movers
U.S. stocks ended slightly lower on Tuesday with several areas of resistance capping the market’s recent catalysts. Chinese bond stimulus measures and new trade threats between the U.S. and China weighed on valuations overall. In the S&P 500, industrials and utilities led losses. In technology, the S&P 500 technology sector ended mostly flat while the Nasdaq reported a loss of 0.01% with several headwinds affecting trading demand. Chinese technology relationships continue to cause volatility for the sector. Meanwhile, the House Judiciary Committee began a hearing on Tuesday to analyze anti-competitive practices, specifically at the largest U.S. technology companies.
Economic reports affecting market trading included the following:
- The NFIB Business Optimism Index increased to 105.0 in May from 103.5.
- The Producer Price Index increased 0.1% in May and 1.8% year over year.
- The Treasury held an auction for three-year notes at a rate of 1.861%.
In the Dow Jones Industrial Average, the following stocks led losses:
- United Technologies (UTX, Financial) -3.96%
- Disney (DIS, Financial) -1.45%
- Boeing (BA, Financial) -1.26%
Small-cap stocks
In small caps, the Russell 2000 closed at 1,519.11 for a loss of 4.45 points or -0.29%. The S&P 600 closed at 924.04 for a loss of 2.56 points or -0.28%. The Dow Jones Small-Cap Growth Total Stock Market Index closed at 9,734.60 for a loss of 42.04 points or -0.43%. The Dow Jones Small-Cap Value Total Stock Market Index closed at 9,371.15 for a gain of 18.39 points or 0.20%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1,903.88 for a gain of 1.69 points or 0.09%; the S&P 100 at 1,273.58 for a gain of 1.00 point or 0.08%; the Russell 3000 at 1,696.61 for a loss of 1.25 points or -0.07%; the Russell 1000 at 1,598.02 for a loss of 0.92 points or -0.06%; the Wilshire 5000 at 29,583.84 for a loss of 19.95 points or -0.07%; and the Dow Jones U.S. Select Dividend Index at 695.15 for a gain of 1.52 points or 0.22%.
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